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Spouses Montano T. Tolosa and Merlinda Tolosa Vs. United Coconut Planters Bank

SPOUSES MONTANO TOLOSA and MERLINDA MONTANO TOLOSA Petitioners, VS. UNITED COCONUT PLANTERSBANK,Respondent.

G.R. No. 183058 | 2013-04-03


SECOND DIVISION

DECISION
PEREZ, J.:

A purchaser at an extrajudicial foreclosure sale is entitled to a writ of possession as a matter of right after consolidation of ownership for failure of the mortgagor to redeem the property. 1 The exceptions to this rule are at the heart of this petition for review filed pursuant to Rule 45 of the Rules of Court Court, primarily assailing the 31 May 2007 Decision2 rendered by the Nineteenth Division of the Court of Appeals (CA) in CA-G.R. SP No. 00593,3 the decretal portion of which states:

WHEREFORE, in view of all the foregoing premises, the Orders dated...